According to the joint announcement, the strategic collaboration would establish a centralized approach for clients seeking guidance on implementing Bitcoin products and services.
To enable businesses to access financial services based on Bitcoin, big four accounting firm Deloitte has partnered with New York Digital Investment Group (NYDIG), a company that specializes in Bitcoin-related financial services.
The newly established alliance will concentrate on providing financial services connected to Bitcoin to businesses of all sizes. Among its target markets are banking, consumer loyalty and rewards programs, employee benefits, and other industries.
Both companies will work together using a collaborative strategy that uses Deloitte’s multidisciplinary professional services and NYDIG’s “complete bitcoin financial and technical goods and services,” according to the official statement.
The cooperation will be concentrated on boosting the asset adoption while adhering to the current regulatory framework because customers are actively looking for reliable exposure to Bitcoin.
Digital assets banking regulatory practice lead at Deloitte, Richard Rosenthal, stated:
“The future of financial services will center around the use of digital assets, and we are focused on advising our clients on ways to engage in a regulated and compliant way.”
Known for collaborating with powerful banks and insurance companies to provide BTC-related services, NYDIG, By allowing businesses to use such services while only dealing with a small number of on-chain transactions, intends to establish banking on Bitcoin.
It introduced a scheme in February that enables workers at participating businesses, including Everbowl, MVB Bank, StretchZone, and others, to get paid in Bitcoin. Employees may even choose how much of their pay, with no transaction costs, would be converted to bitcoin through the initiative.
It is no longer a secret that Deloitte is interested in cryptocurrencies. The multinational provider of professional services has carried out several polls and noted the promising future of cryptocurrency as a form of payment. For starters, it stated that by 2026, “crypto payments will be pervasive” across all industries, according to 85% of retailers.